Piermont Capital Management Inc. cut its stake in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 20.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,240 shares of the real estate investment trust’s stock after selling 20,880 shares during the quarter. Piermont Capital Management Inc. owned about 0.12% of Sabra Healthcare REIT worth $1,958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Sabra Healthcare REIT in the second quarter worth $297,000. Timbercreek Asset Management Ltd. increased its stake in Sabra Healthcare REIT by 108.4% in the second quarter. Timbercreek Asset Management Ltd. now owns 155,801 shares of the real estate investment trust’s stock worth $3,755,000 after purchasing an additional 81,044 shares during the period. California Public Employees Retirement System increased its stake in Sabra Healthcare REIT by 8.1% in the second quarter. California Public Employees Retirement System now owns 121,200 shares of the real estate investment trust’s stock worth $2,921,000 after purchasing an additional 9,100 shares during the period. Vanguard Group Inc. increased its stake in Sabra Healthcare REIT by 6.4% in the second quarter. Vanguard Group Inc. now owns 13,229,559 shares of the real estate investment trust’s stock worth $318,832,000 after purchasing an additional 797,491 shares during the period. Finally, Northern Trust Corp increased its stake in Sabra Healthcare REIT by 8.2% in the second quarter. Northern Trust Corp now owns 1,628,781 shares of the real estate investment trust’s stock worth $39,254,000 after purchasing an additional 123,380 shares during the period. Institutional investors own 99.26% of the company’s stock.

Shares of Sabra Healthcare REIT, Inc. (SBRA) traded up 0.14% during trading on Friday, hitting $22.21. The stock had a trading volume of 1,610,416 shares. Sabra Healthcare REIT, Inc. has a 12 month low of $19.30 and a 12 month high of $29.10.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Saturday. Mizuho upgraded Sabra Healthcare REIT from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $23.00 to $24.00 in a research note on Monday, September 11th. Bank of America Corporation increased their target price on Sabra Healthcare REIT from $21.00 to $22.00 and gave the stock an “underperform” rating in a research note on Friday, September 8th. Cantor Fitzgerald reiterated a “buy” rating and issued a $30.00 target price on shares of Sabra Healthcare REIT in a research note on Friday, September 8th. Finally, JMP Securities upgraded Sabra Healthcare REIT from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research note on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $25.13.

COPYRIGHT VIOLATION NOTICE: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/09/24/piermont-capital-management-inc-has-1-96-million-position-in-sabra-healthcare-reit-inc-sbra.html.

Sabra Healthcare REIT Profile

Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.

Institutional Ownership by Quarter for Sabra Healthcare REIT (NASDAQ:SBRA)

Receive News & Stock Ratings for Sabra Healthcare REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Healthcare REIT Inc. and related stocks with our FREE daily email newsletter.